BONDS, CURRENCIES & COMMODITIES


IANS 04 January 2023
US regulators have issued their first-ever joint warning to banks over the risks associated with the cryptocurrency market, local media reported.   The watchdogs told financial institutions to be wary of potential fraud, legal uncertainty and misleading disclosures by digital asset...

Read More



IANS 31 December 2022
The government in The Bahamas has seized $3.5 billion in FTX digital assets, as its former CEO Sam Bankman-Fried faces a trial in the US.   The country's Securities Commission took control of the assets soon after the crypto exchange filed for bankruptcy in the US in November, reports...

Read More



IANS 23 December 2022
Beleaguered crypto exchange FTX Co-founder Sam Bankman-Fried has been released on a $250 million bond in the US, "the largest-ever pretrial bond," amid his trial for committing fraud and other criminal charges.   A federal judge in the US District Court in Manhattan also barred the...

Read More



Moneylife Digital Team/ IANS 22 December 2022
Two of FTX founder Sam Bankman-Fried’s closest associates have pleaded guilty to fraud-related charges in connection with the collapse of the cryptocurrency exchange and agreed to cooperate with US authorities investigating the collapse of the bankrupt cryptocurrency exchange, according to a...

Read More



Moneylife Digital Team/ IANS 13 December 2022
Sam Bankman-Fried (SBF), the former chief executive officer (CEO) of bankrupt crypto exchange FTX, has been arrested in the Bahamas, as he was expected to testify online before the US House Financial Services Committee on Tuesday. Following his arrest in the Bahamas, US authorities on Tuesday...

Read More



IANS 12 December 2022
In the wake of the collapse of crypto exchange FTX, the US Securities and Exchange Commission (SEC) has directed publicly-traded companies to tell investors about their involvement with struggling cryptocurrency firms.   The SEC, in a letter to the companies, said that recent...

Read More



IANS 09 December 2022
Minister for Road Transport and Highways Nitin Gadkari announced on Thursday that the country's first-ever Surety Bond insurance product would be launched on December 19.   Gadkari announced this while addressing the CII's Global Economic Summit, adding that the product will be of...

Read More



TruthInAdvertising.org 06 December 2022
Before its much publicized collapse, FTX was the Tom Brady of cryptocurrency exchanges, widely regarded as one of “the most nimble and best-run crypto companies,” the New York Times reported in early November.   It helped that the crypto exchange had the six-time Super Bowl champion...

Read More



Since the middle of last week, the spectacular bonfire of FTX, a crypto exchange, has kept us enthralled. FTX, which was valued at US$32bn (billion) a few months ago and funded by the finest names of the global financial markets such as Sequoia, Temasek, Ontario Teachers’ Pension Plan,...

Read More



IANS 23 November 2022
Sam Bankman-Fried (SBF), founder of bankrupt crypto exchange FTX and trading house Alameda Research, 'froze up in the face of pressure' as his company collapsed, bringing its collateral down to US$8bn (billion) from US$60bn.   In a letter to FTX employees, accessed by CoinDesk, the...

Read More



Moneylife Digital Team 19 November 2022
When the US$32bn (billion) crypto exchange FTX filed for chapter 11 bankruptcy in the US, inviting investigations by regulatory authorities and the justice department, the entire crypto world was plunged into a panic. FTX and its associate, the trading firm Alameda Research, both founded by...

Read More



Moneylife Digital Team 15 November 2022
Beleaguered Japanese investment firm SoftBank has reportedly written off about US$100mn (million) it invested as part of its Vision Fund 2 in now bankrupt crypto exchange FTX.   According to MarketWatch, the investment is now marked down to zero with SoftBank saying "it would not face...

Read More



IANS 14 November 2022
Hong Kong-based crypto exchange AAX has suspended withdrawals, citing the "failure of our third-party partner", which caused some users' balance data to be improperly recorded while scheduling a system upgrade.   "Limiting our services to prevent further risks, the technical team has...

Read More



IANS 10 November 2022
World's largest crypto exchange Binance on Thursday took a U-turn on acquiring its rival FTX, saying it was backing out of the deal after reviewing the company's finances, leading to further fall in major cryptocurrencies.   Binance on Tuesday signed a non-binding, letter of intent to...

Read More



Sebastian Rotella  and   Kirsten Berg (ProPublica) 12 October 2022
This story was originally published by ProPublica.   Xizhi Li pioneered a new method that enriched Latin American drug lords and China’s elite. A Drug Enforcement Administration (DEA) investigation found the Chinese government may have been involved.   In 2017, DEA agents...

Read More



IANS 11 October 2022
CNN has surprisingly shut down its crypto and Web 3.0 project called 'Vault' where the company aimed to sell non-fungible tokens (NFTs) of news stories.   The shocked users accused CNN of a "rug pull", a term used when crypto developers abandon a project and run away with investors'...

Read More



Moneylife Digital Team 07 October 2022
The Reserve Bank of India (RBI) on Friday released a concept note on central bank digital currency (CBDC) for the country. CBDC can be classified into two broad types, general purpose or retail (CBDC-R) and wholesale (CBDC-W), and RBI would soon start pilot launches of e-rupee for specific...

Read More



IANS 07 October 2022
The skyrocketing of the US dollar against various currencies in 2022 is posing problems for advanced and emerging markets, but there is no easy option available, said S&P Global Ratings.   According to the report, the resolution of the issue is not just dependent on economics but also...

Read More



IANS 06 October 2022
More than 51 per cent of the total Bitcoin trading volume on various crypto exchanges this year is fake amid volatile global economic conditions, a new report has claimed.   Bitcoin is the blue chip of cryptocurrency and represents 40 per cent of the total crypto assets outstanding in...

Read More



Moneylife Digital Team 28 September 2022
Even as the Indian rupee has depreciated, to trade at an all-time low of 81.93 against the US dollar after the surge in the dollar index on Wednesday, State Bank of India (SBI) feels that the Reserve Bank of India (RBI) should allow the domestic currency to depreciate a bit further and find...

Read More

Free Helpline
Legal Credit
Feedback